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Jeremie- A New Way To Promote Sme Acces To Financing

Author

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  • Madalina Opritescu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

This article highlights the importance of SME access to financing from a sustainable development point of view as a solution to exit the current economic crisis. The access to financing is vital for starting up or expanding a business. Usually, banks grant loans to already existing enterprises and are reticent in approving credits for start up companies or for that offer no guarantees. Also, the current economic context, affected by the economic and financial crisis, has limited the loan granting activity and has rendered banks more prudent in selecting clients. The European Union offers support for the SMEs, available under different forms, such as subventions, loans or guarantees. The support can be offered either directly, or by means of the EU’s Structural Funds. JEREMIE (Joint European Resources for Micro to Medium Enterprises) is an initiative of the European Commission, developed in collaboration with the European Investment Fund.

Suggested Citation

  • Madalina Opritescu, 2012. "Jeremie- A New Way To Promote Sme Acces To Financing," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(40), pages 171-176.
    • Handle: RePEc:aio:aucsse:v:3:y:2012:i:40:p:171-176
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    File URL: http://feaa.ucv.ro/AUCSSE/0040v3-020.pdf
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    More about this item

    Keywords

    JEREMIE; SME; access to financing; sustainable development; economic crisis;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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